monk
New Member
Posts โข 157
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September 2013
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Is BANKSY getttin into blockchain NFTs??, by monk on Dec 2, 2021 7:53:09 GMT 1, Has he got anything to do with this? Unlikely right?
www.particlecollection.com/?r=okDyj
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Black Wolf
New Member
Posts โข 607
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October 2020
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Is BANKSY getttin into blockchain NFTs??, by Black Wolf on Dec 2, 2021 8:00:35 GMT 1, No, this is a project about tokenising physical art You can own 1/10000 of a specific piece Banksy wouldnโt have anything to do with this
No, this is a project about tokenising physical art You can own 1/10000 of a specific piece Banksy wouldnโt have anything to do with this
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Matt
Junior Member
Posts โข 2,351
Likes โข 3,439
September 2014
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Is BANKSY getttin into blockchain NFTs??, by Matt on Dec 2, 2021 8:00:45 GMT 1, nowt to do with B
Maybe we need a new For Sale section where instead of selling actual artworks people sell NFT fragments of their collection
You get money, but you keep the work
@artscapy thank me later
nowt to do with B Maybe we need a new For Sale section where instead of selling actual artworks people sell NFT fragments of their collection You get money, but you keep the work @artscapy thank me later
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Black Wolf
New Member
Posts โข 607
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October 2020
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Is BANKSY getttin into blockchain NFTs??, by Black Wolf on Dec 2, 2021 8:01:06 GMT 1, But nice way of getting people to click your tracked link!!
But nice way of getting people to click your tracked link!!
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Is BANKSY getttin into blockchain NFTs??, by My Name is Frank on Dec 2, 2021 9:07:13 GMT 1, What an absolute cluster fuck of wankery
What an absolute cluster fuck of wankery
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Deleted
Posts โข 0
Likes โข
January 1970
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Is BANKSY getttin into blockchain NFTs??, by Deleted on Dec 2, 2021 9:19:39 GMT 1, So youโre receiving a particle (80% chance of being a white dot) in exchange for a Banksy piece which was bought at the wrong price
So youโre receiving a particle (80% chance of being a white dot) in exchange for a Banksy piece which was bought at the wrong price
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Dive Jedi
Junior Member
Posts โข 6,169
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October 2015
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Is BANKSY getttin into blockchain NFTs??, by Dive Jedi on Dec 2, 2021 11:24:02 GMT 1, What an absolute cluster fuck of wankery That seems to be a contradiction. I think I doubt a lot lately though, but I'm not sure.....
What an absolute cluster fuck of wankery That seems to be a contradiction. I think I doubt a lot lately though, but I'm not sure.....
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Pawel
Junior Member
Posts โข 3,749
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June 2015
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rungsp
New Member
Posts โข 153
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February 2021
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Is BANKSY getttin into blockchain NFTs??, by rungsp on Dec 3, 2021 18:00:48 GMT 1, Matt Levine writes a daily piece for Bloomberg, usually pointing out some of the crazy things happening in the Finacial world (Tesla, Meme stocks...stuff like that).
Yesterday he wrote about NFTs, and with reference to Banksy
NFT Stuff โHow can a physical artwork become an NFT,โ asks Felix Salmon at Axios, but of course Money Stuff readers know the answer. โBy lighting it on fire,โ is the answer. We call this the โobject-fire-token-moneyโ cycle of non-fungible tokens, and it is the absolutely standard approach. Crypto mascot Brock Pierce explained NFTs to a guy by lighting the guyโs painting on fire. Some comic-book artist apparently burns an original painting every month to make NFTs. Some DeFi platform burned a Banksy painting to make an NFT; later the guy behind it gave an interview under the pseudonym โBurnt Banksy.โ You buy the work of art, you light it on fire, and then you sell an NFT representing the now-incinerated work of art. You might object that this is very stupid. I will not argue with you. In particular, if you are the person doing this process, you might ask, well, why do I have to burn up the work of art? What if I bought a painting, sold NFTs representing whatever-an-NFT-represents of the painting, and then also hung the painting on my wall? Who could object? The people buying the NFTs would still have the NFTs, which are digital tokens representing โฆ nothing; they would own just as much nothing whether or not I actually burn up the painting. This way, I get the money from selling the NFTs, plus I get to keep the painting. Salmon goes on: The art market globally sees volume of about $60 billion per year, almost all of which is trade in physical objects. Art-world insiders including former Christie's co-chair Loรฏc Gouzer are on the lookout for ways to monetize physical paintings without necessarily giving up physical ownership of them. There are some traditional ways to monetize a thing without giving up ownership of the thing. Borrowing against it is popular, for instance, but then you have to pay back the money. I think that you should read โmonetizeโ here to mean โsell.โ Art-world insiders are on the lookout for ways to sell paintings without necessarily giving up physical ownership of them. Well, of course they are, arenโt they? If you could sell a painting and also keep it, you would have both the money and the painting. That seems strictly better than having only the money or only the painting. Salmon continues: Gouzer said he spent $12.9 million at Sotheby's in May to buy a Banksy painting estimated at $3 million to $5 million. He's now showing the work at Art Basel Miami Beach under the aegis of Particle, a company that intends to turn the work into 10,000 NFTs "within the overarching structure of collective ownership.โ I think you should read โwithin the overarching structure of collective ownershipโ to mean โwith absolutely no collective ownership whatsoeverโ: The NFT owners will not have significant collective ownership of the physical painting. That would require Particle to register as a securities issuer. ... As Particle managing director Harold Eytan told Axios, "NFTs are changing the way that people perceive ownership." Value drivers in the NFT world aren't based in contract law, they're based in community and consensus. So long as enough people believe that they're going to own a piece of a Banksy, they can trade on that belief. Sure, right, yes, if someone thinks that youโre selling them something valuable, they will give you money for it. And if you arenโt in fact selling them something valuable then โฆ well the point is to get them to give you the money. So who will get the painting? Particle claims that it "has chosen to legally destroy" the work by donating it to a non-profit called the Particle Foundation, which pledged never to sell the work. There is no legal destruction, however. Yes! Yes! Yes! โI will buy a painting, and then I will turn it into an NFT by lighting it on fire, and then I will sell you the NFT, except that when I said โlighting it on fireโ I actually meant โhanging it on my living room wall.โโ Not that lighting it on fire made any more sense! Still! I love this so, so much; I cannot stress enough how much I love it. Some rich guy will buy a multimillion-dollar painting and then you can just buy shares of The Fact That A Rich Guy Has A Painting. Do you have the painting? No, he does. But you have the NFT. Come on. I am kidding a little bit โ the foundation โwill exhibit works,โ sure, and I suppose the guy is not literally going to hang it on his wall. โMuseums could do something similar with their permanent collections, says Gouzer,โ the idea I suppose being that instead of asking for donations museums could, like, auction off tradable donation receipts? But I am not kidding much. We talked in September about a Bohemian prince who was auctioning off NFTs to restore his familyโs various castles. He keeps the castles, but if you buy an NFT, you get to pay for the upkeep of the castles and the restoration of the art on the walls. Thatโs a great deal, for him. Why shouldnโt art-world insiders get to sell their art and also keep it?
Matt Levine writes a daily piece for Bloomberg, usually pointing out some of the crazy things happening in the Finacial world (Tesla, Meme stocks...stuff like that).
Yesterday he wrote about NFTs, and with reference to Banksy
NFT Stuff โHow can a physical artwork become an NFT,โ asks Felix Salmon at Axios, but of course Money Stuff readers know the answer. โBy lighting it on fire,โ is the answer. We call this the โobject-fire-token-moneyโ cycle of non-fungible tokens, and it is the absolutely standard approach. Crypto mascot Brock Pierce explained NFTs to a guy by lighting the guyโs painting on fire. Some comic-book artist apparently burns an original painting every month to make NFTs. Some DeFi platform burned a Banksy painting to make an NFT; later the guy behind it gave an interview under the pseudonym โBurnt Banksy.โ You buy the work of art, you light it on fire, and then you sell an NFT representing the now-incinerated work of art. You might object that this is very stupid. I will not argue with you. In particular, if you are the person doing this process, you might ask, well, why do I have to burn up the work of art? What if I bought a painting, sold NFTs representing whatever-an-NFT-represents of the painting, and then also hung the painting on my wall? Who could object? The people buying the NFTs would still have the NFTs, which are digital tokens representing โฆ nothing; they would own just as much nothing whether or not I actually burn up the painting. This way, I get the money from selling the NFTs, plus I get to keep the painting. Salmon goes on: The art market globally sees volume of about $60 billion per year, almost all of which is trade in physical objects. Art-world insiders including former Christie's co-chair Loรฏc Gouzer are on the lookout for ways to monetize physical paintings without necessarily giving up physical ownership of them. There are some traditional ways to monetize a thing without giving up ownership of the thing. Borrowing against it is popular, for instance, but then you have to pay back the money. I think that you should read โmonetizeโ here to mean โsell.โ Art-world insiders are on the lookout for ways to sell paintings without necessarily giving up physical ownership of them. Well, of course they are, arenโt they? If you could sell a painting and also keep it, you would have both the money and the painting. That seems strictly better than having only the money or only the painting. Salmon continues: Gouzer said he spent $12.9 million at Sotheby's in May to buy a Banksy painting estimated at $3 million to $5 million. He's now showing the work at Art Basel Miami Beach under the aegis of Particle, a company that intends to turn the work into 10,000 NFTs "within the overarching structure of collective ownership.โ I think you should read โwithin the overarching structure of collective ownershipโ to mean โwith absolutely no collective ownership whatsoeverโ: The NFT owners will not have significant collective ownership of the physical painting. That would require Particle to register as a securities issuer. ... As Particle managing director Harold Eytan told Axios, "NFTs are changing the way that people perceive ownership." Value drivers in the NFT world aren't based in contract law, they're based in community and consensus. So long as enough people believe that they're going to own a piece of a Banksy, they can trade on that belief. Sure, right, yes, if someone thinks that youโre selling them something valuable, they will give you money for it. And if you arenโt in fact selling them something valuable then โฆ well the point is to get them to give you the money. So who will get the painting? Particle claims that it "has chosen to legally destroy" the work by donating it to a non-profit called the Particle Foundation, which pledged never to sell the work. There is no legal destruction, however. Yes! Yes! Yes! โI will buy a painting, and then I will turn it into an NFT by lighting it on fire, and then I will sell you the NFT, except that when I said โlighting it on fireโ I actually meant โhanging it on my living room wall.โโ Not that lighting it on fire made any more sense! Still! I love this so, so much; I cannot stress enough how much I love it. Some rich guy will buy a multimillion-dollar painting and then you can just buy shares of The Fact That A Rich Guy Has A Painting. Do you have the painting? No, he does. But you have the NFT. Come on. I am kidding a little bit โ the foundation โwill exhibit works,โ sure, and I suppose the guy is not literally going to hang it on his wall. โMuseums could do something similar with their permanent collections, says Gouzer,โ the idea I suppose being that instead of asking for donations museums could, like, auction off tradable donation receipts? But I am not kidding much. We talked in September about a Bohemian prince who was auctioning off NFTs to restore his familyโs various castles. He keeps the castles, but if you buy an NFT, you get to pay for the upkeep of the castles and the restoration of the art on the walls. Thatโs a great deal, for him. Why shouldnโt art-world insiders get to sell their art and also keep it?
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tinkicker
New Member
Posts โข 315
Likes โข 147
April 2008
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Is BANKSY getttin into blockchain NFTs??, by tinkicker on Dec 11, 2021 23:14:59 GMT 1, Just wondering is this from the man himself or just another highway man?
www.particlecollection.com/?r=5xZVU
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Black Wolf
New Member
Posts โข 607
Likes โข 393
October 2020
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Is BANKSY getttin into blockchain NFTs??, by Black Wolf on Dec 11, 2021 23:23:24 GMT 1, Stop posting affiliate links to something that clearly isnโt anythjng to do with Banksy
Stop posting affiliate links to something that clearly isnโt anythjng to do with Banksy
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tinkicker
New Member
Posts โข 315
Likes โข 147
April 2008
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Is BANKSY getttin into blockchain NFTs??, by tinkicker on Dec 12, 2021 0:04:44 GMT 1, Ok, link maybe just example...but still the idea remains...will he wont he
Ok, link maybe just example...but still the idea remains...will he wont he
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tinkicker
New Member
Posts โข 315
Likes โข 147
April 2008
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Is BANKSY getttin into blockchain NFTs??, by tinkicker on Dec 12, 2021 0:14:11 GMT 1, There will never be an issue with copyright again if he choose this path...just saying
There will never be an issue with copyright again if he choose this path...just saying
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tinkicker
New Member
Posts โข 315
Likes โข 147
April 2008
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Is BANKSY getttin into blockchain NFTs??, by tinkicker on Dec 12, 2021 0:35:25 GMT 1, even an NFT format of a COA for a piece of art is the way to go.
even an NFT format of a COA for a piece of art is the way to go.
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tinkicker
New Member
Posts โข 315
Likes โข 147
April 2008
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Is BANKSY getttin into blockchain NFTs??, by tinkicker on Dec 12, 2021 0:45:46 GMT 1, To me this tech is a way the artist can claw back their orginal stamp and get gifted directly for the work they do and create ...but cutting out the middleman /pimp
To me this tech is a way the artist can claw back their orginal stamp and get gifted directly for the work they do and create ...but cutting out the middleman /pimp
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vvk
New Member
Posts โข 859
Likes โข 787
October 2015
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Is BANKSY getttin into blockchain NFTs??, by vvk on Dec 13, 2021 0:11:22 GMT 1, its only a matter of time. unless they can think of a better way of authenticating that is more foolproof then the blockchain.
its only a matter of time. unless they can think of a better way of authenticating that is more foolproof then the blockchain.
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monk
New Member
Posts โข 157
Likes โข 20
September 2013
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Is BANKSY getttin into blockchain NFTs??, by monk on Dec 13, 2021 1:51:57 GMT 1, www.particlecollection.com/?r=okDyj
Unofficial, but Iโm hoping this at least forces a response from him.
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Pawel
Junior Member
Posts โข 3,749
Likes โข 3,237
June 2015
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Atelier
New Member
Posts โข 169
Likes โข 125
June 2014
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Is BANKSY getttin into blockchain NFTs??, by Atelier on Dec 14, 2021 4:09:45 GMT 1, Obviously not Banksy as this has to be the most dumb idea ever to turn this particular piece into an NFT of 10,000 white and black squares. So mindlessly dumb and a huge money drain. Anyone investing in this NFT deserves to lose their money. Clown style.
Obviously not Banksy as this has to be the most dumb idea ever to turn this particular piece into an NFT of 10,000 white and black squares. So mindlessly dumb and a huge money drain. Anyone investing in this NFT deserves to lose their money. Clown style.
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mikegood
New Member
Posts โข 198
Likes โข 201
February 2020
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Is BANKSY getttin into blockchain NFTs??, by mikegood on Dec 14, 2021 4:22:52 GMT 1, IMO, this particle thing is so dumb... 50% of the people are gonna get a white square, lol ... It's literally just fractional shares of a piece of art, not a new concept and something Masterworks.io and many others have done, eh?
IMO, this particle thing is so dumb... 50% of the people are gonna get a white square, lol ... It's literally just fractional shares of a piece of art, not a new concept and something Masterworks.io and many others have done, eh?
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cuspeeder
New Member
Posts โข 137
Likes โข 102
August 2017
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Is BANKSY getttin into blockchain NFTs??, by cuspeeder on Dec 19, 2021 17:21:41 GMT 1, discord.gg/sGr9GXZZ3p
This banksy NFT is interesting (one person gets the original)
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